Updated Appraisal Vendor Pricing 2021

The market has experienced a significant shift in customary & reasonable appraisal fees and turn times. It has spread to nearly all markets resulting in delays in getting orders assigned, fee increases and extended turn times.

Effective Monday, March 15, 2021 for appraisal orders placed in Mortgagebot, the attached Vendor Fee Schedules will be implemented to ensure Dodd Frank compliance as well as reduce time and confusion on order placements.
Effective immediately, use these updated fees when quoting the appraisal fee for the LE.

Click below to read the entire bulletin.

BR-001_3-4-2021_ Updated Appraisal Vendor Fees 2021